Ethereum hit a two-month high of $3,841 yesterday.
Technical analysis indicates resistance at $3,841, and support at $3,367.
Ethereum, the second-largest cryptocurrency by market capitalization, experienced a significant surge of nearly 30% yesterday, surprising investors. This comes as Ethereum’s price movement has been relatively stagnant since the start of 2024, even as Bitcoin surged past $73,750.07. Yesterday, Ethereum hit a two-month high of $3,841. Currently, ETH is trading at $3,755.31, with a 3% increase, although its trading volume has decreased by 10%.
The recent surge in Ethereum’s price is accompanied by the most bullish crowd sentiment since September, according to Santiment. The optimism is largely driven by expectations that the U.S. Securities and Exchange Commission (SEC) will soon approve the first Ethereum Exchange-Traded Funds (ETFs). This potential approval has contributed to Ethereum’s price surge, while sentiment around Bitcoin and Solana re
We współpracy z: https://thenewscrypto.com/can-ethereum-surge-beyond-4k-amid-the-ongoing-rally/
